Since the repeal of the Professional and Amateur Sports Protection Act (PASPA) in 2018, over $150bn has been wagered on sports in the United States, according to SportsHandle’s new sports betting revenue tracker.
SportsHandle’s all-new revenue database tracks real-time sports betting data from states where sports wagering is legal, with state-by-state breakdowns of monthly handles, gross revenue win rate, gross/adjusted sportsbook revenue, state taxes collected, and their legal betting start date.
Per state, New Jersey has the biggest handle to date with more than $29.6bn since launching its sports betting market in June 2018, followed by Nevada with over $25.5bn, but this market has been live since 1975.
Gross sportsbook revenue for all legal sports betting states stands at over $10.9bn with a gross revenue win rate of 7.2533%, adjusted sportsbook revenue is currently more than $9.3bn, and over $1.7bn has been collected by the legal sports wagering states in taxes.
Brett Smiley, Co-Founder and Editor-In-Chief at SportsHandle.com, has stated the website created the revenue tracker to provide sports betting consumers and industry leaders with a “resource center” with all the statistics of each state in one place.
“As more states legalize sports betting and the overall sports handle continues to soar, we saw the need for an all-encompassing resource center for both consumers and industry leaders,” commented Smiley.
SportsHandle’s new tracker also delivers an overall snapshot of each state’s regulator, sportsbook operator tax rate, biggest monthly handle to date, and more, and it follows the launch of the website’s sports betting partnership tracker, which went live back in May.
Smiley added: “Our team has done a terrific job in gathering all these statistics, and providing a comprehensive breakdown on the sports betting history in each state – all in one convenient location.”